The Euro-zone Services Purchasing Managers Index (PMI) assesses business conditions in the services sector. The figure is determined based on monthly surveys of executives in Germany , France , Ireland , Italy and Spain . Combined, these countries account for roughly four fifths of total service sector activity in the Euro-zone. Since services account for two thirds of total Euro-zone GDP, the Services PMI is both a significant and timely indicator of the health of the economy. Higher Service PMI levels suggest upward future trends in output and employment of the industry.

The headline figure is reported an in index where 50 reflects the centerline of boom-bust sentiment. A larger divergence from 50 indicates a larger rate of change in business conditions.

Relevance: Rarely affects markets
Release schedule : 9:00 (GMT); monthly, third working day of every month
Source of report : NTC Research
Web Address : http://www.ntc-research.com/
Address of release : http://www.ntc-research.com/PressCenter/ReleaseDates.asp
AKA : Services Purchasing Managers Index